The paper proposes to intend the firm as a nexus of stakeholder, each bearing return-to-risk expectations on the … (i.e. those impacting anyway on their ex-post performance). This being the case, a Governance Risk Premium (GRP) emerges … markets but even on the one of the contracts as per their capability to allocate risk and growth through time. A framework to …

This research examines the ability of Earnings less Risk-free Interest Charge (ERIC) to predict stock returns. We find …